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Question

Which of the following is a committed cost as disclosed in notes to Balance Sheet?

A Claims against company not acknowledged as debt Correct Answer Incorrect Answer
B Uncalled liability on shares partly paid Correct Answer Incorrect Answer
C Dividend declared Correct Answer Incorrect Answer
D Guarantee Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The contingent liabilities and commitments are disclosed under notes to accounts. The commitments include estimates amounts of contracts to be executed, uncalled liability on shares partly paid and other commitments. Snapshot from study notes of the ixamBee SEBI course covering topic in detail

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